Capital GainHello CBDT, Why did you extend the capital gain exemption date when the relief cannot be enjoyed?16 Jan 20230Hello CBDT, Why did you extend the capital gain exemption date when the relief cannot be enjoyed? The Covid-19…
Business/Professionother topicTAXATION OF YOUTUBER, CONTENTS WRITER & SOCIAL MEDIA INFLUENCERS16 Jan 20230TAXATION OF YOUTUBER, CONTENTS WRITER & SOCIAL MEDIA INFLUENCERS Youtube, Instagram, Facebook, Snapchat, LinkedIn etc have become an…
Articleother topicBrief article on “SEBI allows Stock Exchanges to launch futures contracts in corporate bond indices”16 Jan 20230Brief article on “SEBI allows Stock Exchanges to launch futures contracts in corporate bond indices” SEBI allows Stock Exchanges…
Other Source Of Incomeother topicPenalty imposed on the Auditor for non classification & disclosure of the loans in the Audited Financial Statements12 Jan 20230Penalty imposed on the Auditor for non classification & disclosure of the loans in the Audited Financial Statements ROC…
Capital GainLoss on account of purchase of distribution rights of the film ‘Arakshan’ is a capital loss: ITAT12 Jan 20230Loss on account of purchase of distribution rights of the film ‘Arakshan’ is a capital loss: ITAT M/s Nadiadwala…
Other Source Of IncomeLimit of Rs. 5,000 applicable on interest income to report in Statement of Financial Transactions (SFT) by the reporting entities abolished11 Jan 20230Limit of Rs. 5,000 applicable on interest income to report in Statement of Financial Transactions (SFT) by the reporting entities…
AssessmentIncome TaxProvisions of section 80AC do note apply to section 80P if the return of income is not filed10 Jan 20230Provisions of section 80AC do note apply to section 80P if the return of income is not filed Here…
Capital GainFruit you cannot Eat: Extension of the date of claiming capital gain exemption by CBDT9 Jan 20230Fruit you cannot Eat: Extension of the date of claiming capital gain exemption by CBDT There are often the…
AssessmentIncome TaxIncome Tax Survey does not empower the ITO to examine any person on oath and the statement recorded u/s 133A has no evidentiary value: ITAT Kolkata9 Jan 20230Income Tax Survey does not empower the ITO to examine any person on oath and the statement recorded u/s 133A…
AssessmentBusiness/ProfessionAmount received from Sale of Software Products not Royalty as per Article 12(3) of India -USA DTAA: ITAT9 Jan 20230Amount received from Sale of Software Products not Royalty as per Article 12(3) of India -USA DTAA: ITAT Facts:…
Capital GainExtension of the period of claiming Capital Gain Exemption: An Eyewash9 Jan 20230Extension of the period of claiming Capital Gain Exemption: An Eyewash The Covid-19 pandemic and resultant restrictions have resulted in…
AssessmentValidity of addition solely on the basis of a statement that some payments were made7 Jan 20230Validity of addition solely on the basis of a statement that some payments were made ITAT Pune has recently held…
Business/ProfessionHouse properyAgreement done prior to 2013 and applicability of section 43CA on sale deed done after 20135 Jan 20230Agreement done prior to 2013 and applicability of section 43CA on sale deed done after 2013 There are cases…
AssessmentDemand in pursuance of order of assessment cannot be pursued without disposing off the petition for stay of demand5 Jan 20230Demand in pursuance of order of assessment cannot be pursued without disposing off the petition for stay of demand …
Other Source Of Incomeother topicPF ESIC adjustment vide 143(1) intimation is correct: Pune ITAT4 Jan 20230PF ESIC adjustment vide 143(1) intimation is correct: Pune ITAT IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH…
AssessmentIncome TaxPenalty under section 271AAB quashed as notice has a fatal error as it intends to penalize an assessee without spelling about the charge against the assessee4 Jan 20230Penalty under section 271AAB quashed as notice has a fatal error as it intends to penalize an assessee without spelling…
AssessmentPurchase by assessee could not be treated as bogus if Assessing Officer did not dispute corresponding sales transactions4 Jan 20230Purchase by assessee could not be treated as bogus if Assessing Officer did not dispute corresponding sales transactions A…
Capital GainHouse properyCapital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT2 Jan 20230Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT The Income Tax…